Economic Data Boosts Dow to Fresh High
The Dow hit another fresh high amid well-received weekly jobless claims and December retail sales
The Dow Jones Industrial Average (DJI) has continued its steady rise higher at midday, touching another record high, as Wall Street looked towards promising economic data, namely upbeat retail sales and jobless claims. A post-earnings pop from bank name Morgan Stanley (MS) and a finalized "phase one" trade deal has also helped boost stocks, with the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) grabbing more fresh intraday peaks.
Continue reading for more on today's market, including:
Tupperware Brands Corporation (NYSE:TUP) is seeing an unusual amount of bullish activity in the options pits today. So far, 11,000 calls have crossed the tape -- seven times the intraday average -- compared to just 180 puts. The February 10 call is the most popular, followed by the January 2020 10-strike call, with positions being purchased at both. TUP is up 3.5% to trade at $9.47 at last check.
One of the best performers on the New York Stock Exchange is Signet Jewelers Ltd. (NYSE:SIG), which has added 36.8% to trade at $29.51, thanks to upbeat holiday sales data. The jeweler also upped its 2020 full-year forecast, citing new products and online sales investments. The stock is on pace for its fifth straight win, and just cleared its 320-day moving average for the first time since November 2018.
